Open AccessJournal Article
Do Leadership Roles Affect Survivability of Family Businesses in Developing Economies
Olayinka A. Abiodun,Emmanuel Kalu Agbaeze,Bamidele S. Adeleke,Nwanneka C. Ghasi,Anthony O. Ude +4 more
Reads0
Chats0
TLDR
In this article, the authors used a survey design to gather data from five hundred and two respondents who were owners/founders and top management of selected family businesses in southwestern Nigeria.Abstract:
Family businesses in many developing economies have continually been plagued with the issues of leadership tussle emanating from the owner-manager power. The study assesses the effect that leadership plays on the survivability (survival success) of family businesses in Nigeria. This study utilized a survey design, to gather data from five hundred and two respondents who were owners/founders and top management of selected family businesses in southwestern Nigeria. The data collected through the closed ended questionnaires were tested with linear regression at 0.05 level of significance. The finding revealed that leadership roles positively affect the long-run success of family businesses in Nigeria. Informed by this finding, the study concluded that there is a positive link between leadership method and survivability (i.e. survival) of family businesses in developing economy like Nigeria. The study advised that a new paradigm shift in leadership (i.e. adaptive type of leadership) should be considered by family businesses operating in Nigeria. This would ameliorate the owners-managers leadership tussle that derails many family businesses in Nigeria.read more
Citations
More filters
Journal ArticleDOI
Dynasties: Fortunes and Misfortunes of the World's Greatest Business Families . By David S. Landes. New York: Viking, 2006. xx + 379 pp. Bibliography, notes, index. Cloth, $25.95. ISBN: 0-670-03338-3.
TL;DR: Riello's A Foot in the Past as discussed by the authors describes the development of a shoe industry and the dynamic changes that overtook the very nature of class in the early 19th century.
Journal ArticleDOI
Assessment of Convergence Processes of Social-Economic Security Indicators in Latvian Municipalities
TL;DR: In this paper, the authors assess convergence processes of a social-economic security indicator in Latvian municipalities and its components in the period 2011-2015, calculated as an integral indicator on the basis of primary statistical indicators.
Journal ArticleDOI
Predicting Plausible Threats: Impact of Globalization Patterns on National Economies
TL;DR: In this article, the authors track the dynamics of international business development in the conditions of globalization and find out which regions and spheres of business are currently considered the most preferable for foreign investment.
References
More filters
Journal ArticleDOI
Agency Theory: An Assessment and Review
TL;DR: In this article, the authors review agency theory, its contributions to organization theory, and the extant empirical work and develop testable propositions and conclude that agency theory offers unique insight into information systems, outcome uncertainty, incentives, and risk.
Journal ArticleDOI
Moral Hazard and Observability
TL;DR: In this article, the role of imperfect information in a principal-agent relationship subject to moral hazard is considered, and a necessary and sufficient condition for imperfect information to improve on contracts based on the payoff alone is derived.
Journal ArticleDOI
Transformational leader behaviors and their effects on followers' trust in leader, satisfaction, and organizational citizenship behaviors
TL;DR: In this paper, the authors examined the impact of transformational leader behaviors on organizational citizenship behaviors, and the potential mediating role played by subordinates' trust and satisfaction in that process.
Journal ArticleDOI
Agency Costs and Ownership Structure
TL;DR: In this article, the authors provide measures of absolute and relative equity agency costs for corporations under different ownership and management structures, and find that agency costs are significantly higher when an outsider rather than an insider manages the firm; they are inversely related to the manager's ownership share; and they increase with the number of non-manager shareholders.